MGE Energy CEO Gary Wolter's 2008 pay rises 14% to $1.1M
MGE Energy reports 2008 executive compensation
By ExecPay News
Published: April 9, 2009
MGE Energy reported fiscal year 2008 executive compensation information on April 9, 2009.
In 2008, seven MGE Energy executives received on average a compensation package of $603K, a 10% increase compared to previous year.
Average pay of disclosed executives at MGE Energy
Gary J. Wolter, Chief Executive Officer, received $1.1M in total, which increased by 14% compared to 2007. 41% of Wolter's compensation, or $461K, was in salary. Wolter also received $198K in bonus, $310K of change in pension value and nonqualified deferred compensation earnings, $133K in stock awards, as well as $25K in other compensation.
Terry A. Hanson, Chief Financial Officer, received a compensation package of $598K, which increased by 30% compared to previous year. 40% of the compensation package, or $239K, was of change in pension value and nonqualified deferred compensation earnings.
Kristine A. Euclide, General Counsel, earned $548K in 2008, a 7% increase compared to previous year.
Scott A. Neitzel, Vice President Energy Supply, received $532K in 2008, which increases by 11% compared to 2007.
Peter J. Waldron, Vice President and Operations Officer, earned $483K in 2008, a 11% increase compared to previous year.
Lynn K. Hobbie, Senior Vice President, received $475K in 2008.
Jeffrey C. Newman, Chief Financial Officer, earned $456K in 2008, a 11% increase compared to previous year.
Related executives
Terry Hanson
MGE Energy
Chief Financial Officer
Gary Wolter
MGE Energy
Chairman
Jeffrey Newman
MGE Energy
Executive Vice President PFO
Kristine Euclide
MGE Energy
Chief Executive Officer
Scott Neitzel
MGE Energy
Senior Vice President
Lynn Hobbie
MGE Energy
Executive Vice President Marketing Communications
Peter Waldron
MGE Energy
Vice President - Energy Production
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Source: SEC filing on April 9, 2009.